H.I.G. Technology Partners (HTP), an affiliate H.I.G. Capital, has entered into a definitive agreement to make a strategic investment in Mobileum, to help the company accelerate technology investments and growth enabled by the roll-out of 5G technologies and private networks across the world.
After the transaction, H.I.G. will be the majority owner of Mobileum. Previous owner Audax will retain a minority stake. The transaction is subject to customary closing conditions and required regulatory approvals. Terms were not disclosed.
Headquartered in Cupertino, Calif., Mobileum is a leading global software provider of mission-critical solutions that allow communications-service providers to manage increasingly complex networks. The company serves a diversified, blue-chip customer base, including 35 of 36 global Tier 1 telcos and 70 percent of Tier 2 telcos in more than 190 countries. Its innovative suite of applications provides customers with analytics-driven solutions for